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STATEMENT OF CASH FLOWS’ COMPLEMENTARY INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Statement Of Cash Flows Complementary Information

Schedule of adjustments to reconcile net profit to cash flows generated by operating activities


	Note		12.31.2023		12.31.2022		12.31.2021
Income tax	10.6		318		124		77
Accrued interest			283		185		141
Depreciations and amortizations	9 and 10.2		267		212		205
Share of profit of joint ventures and associates	5.3.2		2		(105)		(100)
Profit from sale/acquisition of companies´ interest			(9)		-		(17)
Results for property, plant and equipment sale and derecognition	10.4		1		(2)		(1)
Result for intangible assets sale	10.4		-		(2)		(2)
Impairment of property, plant and equipment, intangible assets and inventories	11.1, 11.2 and 11.4		39		38		4
(Impairment) Recovery of impairment of financial assets			-		4		(1)
Result from present value measurement	10.5		10		14		1
Changes in the fair value of financial instruments			(392)		(94)		24
Exchange differences, net			(190)		(85)		(3)
Result from exchange of CB	10.5		-		14		-
Result from repurchase of CB	10.5		(1)		(6)		-
Readjustment of investment plan	10.4		-		9		-
Costs of concessions agreements completion	10.4		5		-		-
Contractual indemnity	10.4		(7)		-		-
Contractual penalty	10.4		7		-		-
Compensation for arbitration award	10.4		-		(37)		-
Provision for contingecies, net	10.4		8		4		3
Provision for environmental remediation	10.4		4		-		15
Fair value of consortiums' previous interest	10.4		(7)		-		-
Impairment of other receivables	10.4		5		-		-
Ecuador's transactional agreement	10.4		5		-		-
Expenses recovery	10.4		(8)		-		-
Accrual of defined benefit plans	9 and 10.2		26		14		11
Compensation agreements	10.2		37		19		2
Derecognition of unproductive wells	10.3		7		-		-
Other			(4)		(4)		3
Adjustments to reconcile net profit to cash flows from operating activities			406		302		362

Schedule of changes in operating assets and liabilities


			12.31.2023		12.31.2022		12.31.2021
Increase in trade receivables and other receivables			(151)		(233)		(41)
Increase in inventories			(35)		(21)		(40)
Increase in trade payables and other payables			17		70		43
Increase in salaries and social security payables			20		15		8
Defined benefit plans payments			(3)		(3)		(2)
Increase (Decrease) in tax liabilities			27		41		(2)
Decrease in provisions			(7)		(1)		(3)
Income tax payment			-		(2)		(13)
Payments for derivative financial instruments, net			(4)		(6)		(12)
Changes in operating assets and liabilities			(136)		(140)		(62)

Schedule of significant non-cash transactions


		12.31.2023		12.31.2022		12.31.2021
Acquisition of property, plant and equipment through an increase in trade payables		(82)		(75)		(51)
Borrowing costs capitalized in property, plant and equipment		(21)		(11)		-
Increase of property, plant and equipment through exchange of assets		(25)		-		-
Acquisition of subsidiary by delivering financial assets at fair value through profit and loss		-		(35)		-
Receivables from sales of companies pending collection		-		-		40
Receivables for acquisition of subsidiary		-		7		-
Increase in investments in associates through a decrease in other receivables		-		-		(20)
Increase in right-of-use assets through an increase in other liabilities		(13)		(1)		(7)
Dividends pending collection		-		-		2
Decrease in asset retirement obligation and wind turbines decommision through property, plant and equipment		(5)		(1)		(1)
Decrease in associate's equity interest through increase in other receivables		-		6		-